The NHL is planning to raise the salary cap for the 2014-15 season. While nothing has been officially announced, TSN's Bob McKenzie reports that the new cap should be around $70 million and that the league will unveil their cap projections to the NHL Board of Governors next week.

NHL govs likely to get (14-15) cap projection from league when they meet early next week in California. Sounds like it may be around $70M.

No real surprise here. It's been widely speculated that the NHL would bump their cap sooner than later. Currently the salary cap sits at $64.3 million. With 20 NHL teams sitting within $3.6 million of the cap, the NHL is looking to allow teams to spend more money if they so desire.

Does revenue around the NHL support raising the cap? Yes. A new massive TV deal, more outdoor games and steady growth have all but guaranteed a boost in the cap. The Globe and Mail has a solid article detailing how the new Rogers TV deal and growing NHL revenue will influence the cap and why we should expect it to swell beyond $70 million in the near future.